Pag-IBIG in the Philippines

The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these […]

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https://www.pagibigfund.gov.ph/ https://upfinance.com/app/uploads/2019/10/pagibiglogo.jpg
Petron Mega Plaza # 358 Sen. Gil J. Puyat Avenue, Makati City
8-724-4244, contactus@pagibigfund.gov.ph
Interest rate 0.41% - 1%
Loan tenure from 12 to 360 months
Approval duration Up to 48 hours
Min. monthly income

Head Office

Petron Mega Plaza # 358 Sen. Gil J. Puyat Avenue, Makati City

Product Features

Min. financing amount ₱ 10000
Max.financing amount ₱ 1000000
Min. loan tenure 12 months
Max. loan tenure 360 months

Credit

Housing loan

Available for OFW!
Interest rates: 

years 1 3 5 10 15 25 30
fixed rates APR 4.985% 5.375% 7.27% 8.035% 8.585% 9.05% 10%

Minimum loan amount: 450 000 PHP
Maximum loan amount: Up to 6 000 000 PHP
Payment terms: Up to 30 years
Approval time: 17 banking days
Borrower will be given 90 calendar days

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Camality Loan

The Pag-IBIG Fund Calamity Loan is a cash loan facility to assist Pag-IBIG Fund members who reside in areas declared under a state of calamity and are affected by such disasters.
Interest Rates: 5,95% per annum
Payment terms: Up to 24 months
Approval time: within 2 banking days

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Multi-purpose loan

Interest Rates: 10,5% per annum
Maximum loan amount: Up to 80% of their Pag-IBIG Regular Savings
Payment terms: Up to 24 months
Approval time: within 2 banking days

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Loan Calculator

%
Monthly payment
₱ 888.49
Total overpayment
₱ 661.85
Total
₱ 10661.85

Borrower Requirements

Eligibility: 
– At least 21 years old at the time of application but not more than
– Not more than 65 years old at the date of loan application and is not more than 70 years old at the date of loan maturity
Proof of income:
For Locally Employed, any of the following:
– Notarized Certificate of Employment and Compensation (CEC)
indicating the gross monthly income and monthly allowances or monthly monetary benefits received by the employee
– Latest Income Tax Return (ITR) for the year immediately preceding the date of loan application
with attached BIR Form No. 2316, stamped received by the BIR
– Certified One (1) Month Payslip, within the last three (3) months prior to date of loan application
– NOTE: For government employees, the Certified One (1) Month Payslip
within the last three (3) months prior to date of loan application, must be submitted together with CEC or ITR.
For Self Employed, any of the following Proof/s of Income:
– TR, Audited Financial Statements, and Official Receipt of tax payment from bank supported with DTI Registration and Mayor’s – – – Permit/Business Permit
– Commission Vouchers reflecting the issuer’s name and contact details (for the last 12 months)
– Bank Statements or passbook for the last 12 months (in case income is sourced from foreign remittances, pensions, etc.)
– Copy of Lease Contract and Tax Declaration (if income is derived from rental payments)
– Certified True Copy of Transport Franchise issued by appropriate government agency (LGU for tricycles, LTFRB for other PUVs)
– Certificate of Engagement issued by owner of business
– Other document that would validate source of income
For Overseas Filipino Workers (OFW), any of the following:
– Employment Contract
– Certificate of Employment and Compensation (CEC)
– Income Tax Return filed with Host Country/Government
– NOTE: If documents are in foreign language/s, English translation is required.

FAQ

The longest loan period is 30 years.

Since this type of loan is associated with large amounts of money and a large volume of documents, the term for making a decision by the Bank depends on two stages of verification. First, the Bank will check your solvency, this stage takes no more than 5 working days on average. Then the Bank will need to check the documents for the land or property you are buying, as well as make an assessment of it.

There is no single solution. If you need the lowest monthly payment, then take loan for the maximum possible period. If you are not sure that you will have a consistently high income, then take as little time as possible.

On average, initial approval of a Multi-purpose credit application can be done from 10 minutes to 1 day. Final approval takes on average from 24 hours to 5 days. You just need to make sure your documents are completed when you submit them.

Credit funds can be issued immediately after the application is approved or 1-3 banking days after a successful phone check.

You need Pag-IBIG Regular Savings.

Contacts

Full company name https://www.pagibigfund.gov.ph/
Address Petron Mega Plaza # 358 Sen. Gil J. Puyat Avenue, Makati City
Phone number 8-724-4244
E-mail contactus@pagibigfund.gov.ph
Social networks

The birth of the Home Development Mutual Fund (HDMF), more popularly known as the Pag-IBIG Fund, was an answer to the need for a national savings program and an affordable shelter financing for the Filipino worker. The Fund was established on 11 June 1978 by virtue of Presidential Decree No. 1530 primarily to address these two basic yet equally important needs. Under the said law, there were two agencies that administered the Fund.

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Reviews

3 weeks ago

Mr

ofw po ako sa Australia,gusto ko magloan ng lote.magkano po ang pwd ko maloan? 3m ang kailangan ko.salamat po

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